ETH/USDT – 30M – BUY

The currency pair Ethereum/Tether (ETH/USDT) breaks through the ascending trendline upwards

A continuation of the upward movement up to the next resistance line at 3878.670000000 is expected.

Caution: A possible reversal of the trend in the direction of support at 3647.630000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘RSI cross above 70’ indicator signal is found. The indicator is ‘RSI cross above 70’. which is often a bullish chart scenario. The currency pair could go up.

Furthermore a ‘StochRSI fall below 80’ indicator signal is found. The indicator is ‘StochRSI fall below 80’. which is often a bullish chart scenario. The currency pair could go up.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 3716.61 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 3878.670000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Inside Up’ candlestick chart pattern is existing. The candles show ‘Three Inside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Up’ going up is 65% (Bull Market) & 63% (Bear Market).

3716.610000000 – 3698.600000000 – 3662.000000000 – 3647.630000000 – 3574.050000000 – 3546.000000000 — 67.462403743242 – 68.456616029048

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Inside Up – – –